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Core CPI, which strips out the volatile food and energy components of the report, climbed 0.4% over the prior month and 5.6% year-over-year, also higher than forecast.
Indexes slipped Thursday as investors took in higher-than-expected inflation. The latest data has sparked talk of a "no landing" for the US economy. Stock market today: Indexes close lower after ...
NEW YORK (Reuters) -The Nasdaq and S&P 500 posted modest gains on Tuesday, a day ahead of major inflation data, weighed down by financial stocks as investors braced for major U.S. banks to kick ...
Headline consumer prices rose as forecast last month. The CPI increased 2.9% over the prior year in December, an uptick from November's 2.7% annual gain in prices. The yearly increase matched ...
The CPI jumped 0.5% last month after gaining 0.4% in December, the Labor said on Wednesday. Economists polled by Reuters had forecast the CPI gaining 0.3% and rising 2.9% year-on-year. Fed funds ...
The Dow Jones Industrial Average jumped 498 points, or 1.2%, and the Nasdaq composite gained 1%. Superstar stock Nvidia and other Big Tech companies led the market, which got a lift after a report ...
Investors see lower odds of a jumbo rate cut next week. Bond yields rose as investors adjusted to the likelihood of a smaller, 25 basis point cut.
The stock is back to trading above the $29 IPO price from 2019. Shares of Peloton closed up 25.28% to $37.27 a piece on Tuesday. 6:01 p.m. ET Monday: Futures tick higher after closing in the red ...